Najib: Competitiveness report tells real story of Malaysia’s economy

A report on the competitiveness of nations, which ranks Malaysia 14th out of 61 countries, tells the real story of Malaysia’s economy, says Prime Minister Datuk Seri Najib Tun Razak.

The IMD World Competitiveness Yearbook 2015 ranks Malaysia ahead of the Netherlands, Ireland, New Zealand, Australia, United Kingdom, Korea and Japan.

“Despite some naysayers who wish to talk Malaysia down, this is the real story of our economy.

“Years of record investment, sound fundamentals, diversification, reform, sustainability and inclusivity.

“These credible and influential reports highlighting Malaysia’s attractiveness as a preferred destination are testament to the private-public partnership, epitomised by Pemudah,” Najib  said here on Monday during the launch of the Pemudah Annual Report 2014.

Pemudah is the Special Task Force to Facilitate Business.

Najib said that as Malaysia began the last lap of its journey towards becoming a high-income nation by 2020, the challenges had grown even larger.

“No country can insulate itself if it is to progress and prosper.

“The volatile price of commodities, the crisis within Eurozone, shifting international balances of power, the spread of terrorism and climate change are just some of the threats we face today,” he said.

Najib said there was no room for complacency and was confident that Malaysians were up to the challenges.